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10/24/95

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Strong employment picture for 1995 Stanford Business School MBA grads

STANFORD -- Three months after earning their MBA degrees, 98 percent of the Stanford Business School's Class of 1995 had job offers, compared with 96 percent a year ago. Graduates accepted jobs with 41 industries over a wide geographic area; 20 percent took jobs outside the United States.

Their median base salary was $73,500. With first-year and signing bonuses added, the median total compensation rose to $100,000, or twice what the group earned before attending business school. Thirty percent of the class accepted base salaries of $80,000 or more, with salaries ranging from $25,000 to six figures.

For the 329 graduates who reported receiving job offers, the median number of offers was three.

"These graduates took jobs with a wide variety of companies and their choices reflected the diversity of the class," said Sherrie Gong Taguchi, director of the School's Career Management Center. "The list of 39 firms that hired three or more MBAs either for career positions or for summer jobs for the Class of 1996 includes consulting firms, investment banks, consumer products firms, high-tech companies, venture capital, entertainment and entrepreneurial ventures." Firms that hired three or more MBAs included Walt Disney Company, Silicon Graphics, Apple Computer, McKinsey & Company, AT&T, Goldman Sachs, Procter and Gamble, and ITT Sheraton.

As has been the case for the past decade, consulting, investment banking, and high technology were the top three industry choices. In addition, 16 percent took jobs in manufacturing and 5 percent categorized themselves as entrepreneurs. The majority of the students, 77 percent, changed industries from the jobs they held before coming to business school.

Twenty percent of the class took international jobs, a 10-year high -- up from 14 percent a year ago. The number of graduates staying in Northern California dropped from 43 percent last year to 38 percent, with a larger percentage going to the Midwest and East Coast than last year.

A total of 232 companies conducted on-campus job interviews, a 21 percent increase from last year. More than 500 firms posted job listings through the Career Management Center. Two hundred firms participated in career fairs and receptions arranged by the Career Management Center and by student clubs. Recruiting receptions were held in Chicago, Washington, D.C., Los Angeles and New York. Receptions are scheduled in 1995-96 in Los Angeles, Chicago, New York and Hong Kong.

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